The Bancorp, Inc. announced on May 30, 2025, that the purchaser failed to consummate the closing on a previously disclosed disposition of a certain real estate bridge lending asset. This development indicates a delay or failure in the planned resolution of a specific asset within the company's portfolio.
This event follows earlier reports of the company's efforts to manage and dispose of its Real Estate Bridge Loan (REBL) portfolio, which has seen elevated levels of substandard assets. The inability to finalize this sale could prolong the resolution process for these assets.
The company had previously reported progress in managing its REBL portfolio, including the successful sale of other assets without principal loss. The failure of this particular closing may raise questions about the ongoing liquidity and marketability of certain REBLs.
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